Crypto Contest January 30: Ethos
Ethos (Binance: BQXETH) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ethos began a wave one advance on January 5. The red wave one finished on January 13, and the red wave two correction ended on January 14. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 18, and the red wave four (blue sub-waves a-b-c) correction ended on January 28. If this wave count is correct, Ethos should be heading next towards the January 18 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Ethos platform is an ecosystem that provides the tools to manage wallets and keys for safe, verified blockchain transactions. You can view their latest community Q&A from September 2018 below.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ethos will takeout the January 18 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ethos will drop below the January 14 low".
If you think Ethos is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ethos will stay in a trading range between the January 14 low and the January 18 peak until March 6".
(Chart courtesy of Tradingview.com (log scale))
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Published by Maarnio
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Ethos will drop below the January 14 low (10 voters as of 3 PM EST February 2: bleujay, sqlinsix, bentleycapital, freiheit50, skepticology, tzap90, vicspics, ace108, jznsamuel, galasek).
Ethos will stay in a trading range between the January 14 low and the January 18 peak until March 6 (15 voters as of 3 PM EST February 2: diana.feuerberg, gregory-f, mellofello, abh12345, allyouneedtoknow, toofasteddie, novus-locus, kunschj, mitrado, steem-d-anlovnit, harryp3, mgood, fullcoverbetting, utkarshvarma, richard78624).
You won. Paid out from @maarnio1
I sold all of my Ethos at the end of last year to get the massive loss on the books. 5k down the drain. I’m done with investing in any coin that doesn’t at least have an MVP. The time it took for Ethos to produce a product was ridiculous. They squandered any competitive advance they had and now they are destined to go to zero like many others.
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Ethos will takeout the January 18 peak (3 voters as of 3 PM EST February 2: steemit.nemesis, reconnectnature, barbadosso).
They promised a lot, but the team is/wasn't very efficient, so thankfully I never got into it, because now I don´t feel very confident about their future.
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